Gujarat BoardEnglish MediumSTD 7MATHSComparing Quantities1 Mark
MCQ
The simple interest on $Rs. 5000$ for $219$ days at $4\%$ per annum is.
A
$100$
B
$80$
✓
$120$
D
$150$
✓
Answer
Correct option: C.
$120$
The simple interest on $Rs. 5000$ for $219$ days at $4\%$ per annum is
Given Time $= 219$ days
$=\frac{219}{365}\text{ years}$
Now Simple interest $=\frac{\big(\text{sum}\times\text{interest rate}\times\text{time}\big)}{100}$
$=\frac{\big(5000\times4(\frac{3}{5})\big)}{100}$
$=\frac{\big(5000\times4\times3\big)}{5\times100}$
$=\frac{\big(50\times3\times4\big)}{5}$
$=10\times3\times4$
$=120$
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